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Tokenized stocks are getting closer to becoming a reality in the U.S., and us accountants will soon have to review and audit them. These digital versions of stocks don’t always act like the regular shares we’re used to. As Nasdaq and the NYSE work on blockchain‑based versions of stocks, accountants need to prepare for assets…
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As crypto markets evolve, fund managers are increasingly engaging in complex financial instruments such as tokenized repos, lending, and other strategies. While these instruments offer liquidity and leverage, they also raise tax characterization issues under U.S. federal income tax law. Repos are generally perceived as secured loans, but the IRS may treat them as sales…
The Crypto-Asset Reporting Framework (CARF) is the most significant international initiative for tax transparency on digital assets to date. Developed by the OECD and endorsed by the G20, CARF sets a global standard for the automatic exchange of tax information on crypto-asset transactions between countries. As of December 2025, more than 75 jurisdictions have committed…
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The IRS has released new guidance on crypto staking and grantor trusts that marks a pivotal step for trusts navigating the complexities of digital asset investments. The IRS guidance in Revenue Procedure 2025-31 provides clarity for grantor trusts that hold digital assets. Historically, there were concerns that engaging in staking activities, particularly with proof-of-stake cryptocurrencies,…
